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Tax Freedom Day Over Time
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So What?
1) This chart represents the day of the year that you would have paid off your annual tax bill if all your income beginning Jan 1
went to paying taxes. From this day of the year forward, your income is yours to keep.
2) The percent of income that is collected by the government as taxes has increased by about four times in the hundred years
since 1900.
3) The rate of tax increase has slowed significantly since the mid-1970s.
4) Tax law adjustments from 2000 to 2010 have brought the to effective tax rate to the level of the mid-1960s.
1) This chart represents the day of the year that you would have paid off your annual tax bill if all your income beginning Jan 1
went to paying taxes. From this day of the year forward, your income is yours to keep.
2) The percent of income that is collected by the government as taxes has increased by about four times in the hundred years
since 1900.
3) The rate of tax increase has slowed significantly since the mid-1970s.
4) Tax law adjustments from 2000 to 2010 have brought the to effective tax rate to the level of the mid-1960s.
Supporting Evidence
w o r t h a t h o u s a n d w o r d s™
